Petrol will cost Rs. 64.05 a litre from Thursday midnight as against Rs. 63.47. Similarly, diesel will cost Rs. 52.63 a litre as against Rs 52.94 a litre. This is the second increase in rates of petrol this month while in case of diesel it wipes away a part of the hike effected earlier this month.

“The current level of international product prices of petrol and diesel and rupee-US dollar exchange rate warrant increase in selling price of petrol and decrease in selling price of diesel, the impact of which is being passed on to the consumers with this price revision,” Indian Oil Corp, the nation’s largest fuel retailer, said.

LAST HIKE IN AUGUST

Making its previous fortnightly revision in fuel prices on August 31, the IOC had hiked prices of petrol by Rs 3.38 a litre and diesel by Rs 2.67 per litre effective both at Delhi, with corresponding increase in other states.

Petrol per litre from Friday will cost Rs 64.21 in Delhi, Rs 67.42 in Kolkata, Rs 69.13 in Mumbai and Rs 63.76 in Chennai.

Similarly, diesel per litre will cost Rs 52.59 in Delhi, Rs 54.89 in Kolkata, Rs 58.10 in Mumbai and Rs 54.06 in Chennai.

The Indian basket of crude oils closed trade on Wednesday at $44.44 a barrel as per official data.